Ok, so Honda saved 20 bucks worth of HRE on their hybrid. They...

Ok, so Honda saved 20 bucks worth of HRE on their hybrid.

They also said " For use in the drive motors of electric vehicles, neodymium magnets must have high heat resistance properties as they are used in a high temperature environment. Adding heavy rare earth (dysprosium and/or terbium) to the neodymium magnets has been a conventional method to secure such high heat resistance.
However, major deposits of heavy rare earth elements are unevenly around the world, and also are categorized as rare metals; thus, the use of heavy rare earth carries risks from the perspectives of stable procurement and material costs. Therefore, a reduction in the use of heavy rare earth elements has been one of the major challenges needing to be addressed in order to use neodymium magnets for the drive motors of hybrid vehicles."

Fridge magnets may work in hybrids but high performance EV including trucks will continue to require Dy in their rotors and the Chinese will be happy to manufacture them using some of the stored HRE.
Did the penny dropped yet on why the Chinese are happy to fund NTU , keep Dy prices low and store as much Dy as they can ?